HSBC HOLDINGS PLC (HSBC) Form 6-K — Oct 27, 2026
HSBC reported 3Q26 profit before tax of $9.6bn, up 32% year-on-year, with nine-month revenue up 9% to $56.4bn, driven by banking net interest income growth and higher fee income in Wealth and transaction banking. Annualised return on tangible equity reached 17.7% in the quarter (18.2% ex notable items), and the Group reiterated its 2026-2028 targets including RoTE of 17% or better and 2026 banking NII of at least $46bn. Capital returns stepped up with a third interim dividend of $0.10 per share, completion of the $1bn buy-back announced at interim results, and a new buy-back of up to $1bn expected to be completed by full-year results. CET1 stood at 13.9%.
Key figures
- Eps
- $0.41 basic (3Q26); $1.27 basic (9M26)
- Revenue
- $18.6bn (3Q26); $56.4bn (9M26)
- Guidance
- RoTE of 17%+ for 2026-2028 ex notable items; 2026 banking NII of at least $46bn; ~45bps ECL charge for 2026; ~1% target basis cost growth in 2026; 50% dividend payout ratio target basis 2026-2028; revenue growth to 5% in 2028 vs 2027
- Net Income
- $7.6bn profit after tax (3Q26); $22.9bn (9M26)
- Revenue Yoy
- +5% (3Q26); +9% (9M26)
- Cash Position
- $3.4tn total assets at 30 September 2026
- Nim
- 1.57% (3Q26), 1.60% (9M26)
- Rote3 Q26
- 17.7%
- Cet1 Ratio
- 13.9%
- Ecl Charge
- $0.8bn (3Q26); $3.2bn (9M26)
- New Buy Back
- up to $1bn
- Basel31 Impact
- 40-50bps CET1 benefit expected at 1 Jan 2027
- Buy Back Completed
- $1bn (announced at interim results)
- Hang Seng Synergies
- $0.5bn annualised pre-tax revenue and cost synergies by end-2028
- Profit Before Tax3 Q26
- $9.6bn (+32% YoY)
- Profit Before Tax9 M26
- $29.2bn (+26% YoY)
- Third Interim Dividend
- $0.10 per share
- Simplification Savings
- ~$2bn annualised by end-2026
- Wealth Net New Money9 M26
- $105bn
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